Change the useful life of an asset

Hi everyone,
I'm using Oracle 11i Asset module. currently I have an asset whose useful life is 4 years. But we realise that this asset can only last for 3.5 years (3 years and 6 months).
I tried to go into the Book of this asset and changed the life to 3.5 years. The system allows me to change the life year from 4 to 3 years but when want to change the life months from 0 to 6 months, the system doesn't allow.
Can anyone of you help me?
Thanks in advance

Please check the Depreciation method setup.
(Navigation: Setup-->Depreciation-->Methods)
There should be an entry for life in years=3 and life in months=6 for that depreciation method.
If it is not there, then system will not allow you to change the asset life.
You need to make an entry in the depreciation methods screen (Navigation: Setup-->Depreciation-->Methods) before trying to change the asset life.
Let me know if this helps.
Thanks,
Siva.

Similar Messages

HOW TO CHANGE THE USEFUL LIFE FOR MORE ASSETS AT A TIME FOR ASSET CLASS

Hi All,
Asset which is under Asset Class Support system-B700. Here every thing is ok but the problem in USE FULL LIFE which is come by default. It must be 4 instead of 5.   So can any body help me out from this how to change the Useful life in that Asset class. In that Asset Class we have the morethan 200 Assets. It was happend in Prdocution system so now the problem is where i can change the useful life for the asset class either in DEV or PRD.
       Also i want to know the information of How these assets are Uploaded into the system (Lsmw or etc). this is very urgent for me.
Thanks in Advance,
Regards,
Siva.

Hi Ashok,
     Can i know the reason how it was happend. i mean instead of 4 years the system showing is 5yesrs any reason is there behind that.
Thanks in Advance.

Wrong depreciation calcualtion when we change useful life of an asset

Hi,
We change the useful life of an asset during the middle of the year. The deprecaiton calculation is not effecting correctly for the remaining useful life of an asset.
We are using stright line method of depreciaion. I will appreciate if any post some tips what is wrong .
Example:
Current State:
Acquisition value: 300,000
Acquisition date: 1/1/08
Useful life: 3 years
NBV 12/31/08: 200,000
NBV 6/30/09: 150,000
New life: 2 years, starting 7/1/2009
Current methodology:
NBV at 12/31/08 divided by new remaining life as of the beginning of the year (2009) $200,000 / 12 months = $16,667
Depreciation expense in 7/31/09: $66,669 ([16,667 * 7 months = 116,669] minus depreciation at old method booked for first 6 months of 2009 [200,000/24 = 8,333 * 6 = $50,000]). $116,669 u2013 50,000 = $66,669
Monthly Depreciation expense between 8/31/09-12/31/09: $16,667 / month
Future State:
Requested methodology:
NBV at 6/30/09 divided by remaining life as of the date of the change: (150,000/6mos) $25,000
Can any one explain what is the issue

Hi,
By default, any change in depreciation parameters will recalculate depreciation from the beginning. If you want to change depreciation terms on different phases, you may need to introduce a depreciation key which changes percentage in multi-level method.
Best Regards,
Madhu

Change in Useful life of asset in mid year, but the previous posted depreciation should not be changed

Dear Experts,
I have a requirement in one of my client, We need to extend the useful life of asset in mid of an asset fiscal year and the depreciation which was posted in the previous should not be changed.
Requirement:
Useful life of asset is to be extended after completing depreciation for 4 years and in-between the current asset fiscal year. Provided the present asset value has to be taken as the new book value of the asset and the depreciation posted henceforth to be posted based on the new asset value till the remaining useful life.
Previously posted depreciation should be unchanged.
Analysis:
1.      The fiscal Year followed - October to September.
2.      The useful life of asset will be changed, and the depreciated value posted till 31/mar 2014 will have the old depreciation value ( based on the original acquisition value)
3.      The Depreciation key used in of type LINR (linear), depreciation value will be calculated based on the Book value till the asset value becomes ZERO at the end of useful life of the asset.
4.      We can change the useful life of the asset at the end of a Asset fiscal year say FY- 2014, if this is done the existing configuration will take the Book value of the asset at the end of the Fiscal as the asset value and the new depreciation will be calculated based on the new useful life of the asset. The asset value will become ZERO at the end of the newly changed Useful Life.
5.      But the requirement is that the useful life of the asset will be changed exactly half way in between existing Asset fiscal (i.e., 31/03/2014), if this is done system will change the depreciation value based on the new useful life ( since the Dep Key is LINR), but the depreciation value will change from the fiscal start say October 2013 to September 2014 ), which will not satisfy the requirement of the client. Since the depreciation which is already posted from October 2013 to March 2014 should not be changed.
Note:
1. We are not willing to retire the asset and create a new asset with the remaining book value as asset value and start depreciation.
Kindly let me know if the requirement can be fulfilled without retiring the asset.

Dear All,
This requirement has been completed.
1. I created New Multi level valuation method with base 26 ( Net book value w/o Revaluation ).
2. New depreciation key was created and the above method was assigned to it. I never changed the Base method.
3. new interval was created in the depreciation area, with this created dep key and extended the useful life of the asset. The depreciation was calculated according to the requirement.
Originally the asset had useful life of 5 Years, I changed the asset useful life to 8 years now with new Depreciation key 2001.
Depreciation was already posted to the asset till 04- 2013 for an amount of 148.27 SAR.
Net Book value carried forward to 2013 = 1575.56 SAR
Depreciation already posted till 4th period =   148.27 SAR
Current Net book value after useful life extension           = 1427.29 SAR .
Now the new depreciation key 2001 with Multilevel method 201, will take this Net-book value as Asset value and will depreciate along the useful life of the asset till it becomes zero.
Planned depreciation of 2013 ( remaining 6 months) = 166.24 SAR
Planned depreciation of 2014 = 225.96 SAR
Planned depreciation of 2015 = 225.96 SAR
Planned depreciation of 2016 = 225.96 SAR
Planned depreciation of 2017 = 225.96 SAR
Planned depreciation of 2018 = 225.96 SAR
Planned depreciation of 2019 = 131.25 SAR
Total      = 1427.29 SAR ( the Asset value becomes zero at the end of its remaining useful life.
The previously posted depreciation from 01.01.2013 to 30.04.2013 was untouched.

New Depreciation to start from Mar (not Jan) after change of useful life

Hi
Does anyoe has any solution or will there be changes to SAP B1's Fixed Asset?
Let me explain the full scenario as below:
1) Customer has Fixed Assest which has useful life of 25 years, i.e. 300 months.
2) The assets has been depreciated for a few months, e.g from July 2008 to Mar 2009. In FA Master Data, it shows the remaining useful life is 294.
3) From Mar 2009 onwards, the management decides that the userful life is to be 30 instead of 25. The past depreciated value is to remain. The new depreciated value is to be effective from Mar 2009 onwards.
Changes Done
1) In Fixed Asset Master file, under the General tab, a change has been made to the Useful life from 300 to 360. The remaining life is auto-change to 354.
2) Re-run the depreciation for Mar 2009.
3) The new depreciated value is re-calculated from Jan 2009 onwards and the adjustment is posted in Mar 2009.
What is required is that Jan 2009 to Feb 2009 should remain the original depreciated value. The new depreciated value should be adjusted from Mar 2009 onwards.
Please advise is there any solution or proposals.
Example
Asset value = 518749.95
Useful life = 300
Remaining Useful life = 294
Monthly Planned Depreciated Value = 1729.17, Dec Planned Depreciated value = 1729.13
After Changes Done
Asset value = 250000
Useful life = 360
Remaining Useful life = 354
Monthly Planned Depreciated Value = 1436.09, Dec Planned Depreciated value = 1436.06
Required
Asset value = 250000
Useful life = 360
Remaining Useful life = 354
Jan and Feb Planned Depreciated Value = 1729.17
Mar 2009 onwards, Planned Depreciated Value = 1404.95
Calculation = (518749.95 - 20750 - 3458.34)/352
where 20750 is the depreciated value for 2008 and 3458.34 is the depreciated value for Jan and Feb 2009.
Thanks
Siew Yuen

Hi Yatsea
Let me explain the full scenario as below:
1) Customer has Fixed Assest which has useful life of 25 years, i.e. 300 months.
2) The assets has been depreciated for a few months, e.g from July 2008 to Mar 2009. In FA Master Data, it shows the remaining useful life is 294.
3) From Mar 2009 onwards, the management decides that the userful life is to be 30 instead of 25. The past depreciated value is to remain. The new depreciated value is to be effective from Mar 2009 onwards.
Changes Done
1) In Fixed Asset Master file, under the General tab, a change has been made to the Useful life from 300 to 360. The remaining life is auto-change to 354.
2) Re-run the depreciation for Mar 2009.
3) The new depreciated value is re-calculated from Jan 2009 onwards and the adjustment is posted in Mar 2009.
What is required is that Jan 2009 to Feb 2009 should remain the original depreciated value. The new depreciated value should be adjusted from Mar 2009 onwards.
Please advise is there any solution or proposals.
Example
Asset value = 518749.95
Useful life = 300
Remaining Useful life = 294
Monthly Planned Depreciated Value = 1729.17, Dec Planned Depreciated value = 1729.13
After Changes Done
Asset value = 250000
Useful life = 360
Remaining Useful life = 354
Monthly Planned Depreciated Value = 1436.09, Dec Planned Depreciated value = 1436.06
Required
Asset value = 250000
Useful life = 360
Remaining Useful life = 354
Jan and Feb Planned Depreciated Value = 1729.17
Mar 2009 onwards, Planned Depreciated Value = 1404.95
Calculation = (518749.95 - 20750 - 3458.34)/352
where 20750 is the depreciated value for 2008 and 3458.34 is the depreciated value for Jan and Feb 2009.
Thanks
Siew Yuen

Chage property classification key in as02 and populating the useful life

Hi.
I have maintained values for PCK and useful lifes in one Ztable and written code in the user exit ZXAISU04 to change the useful llife based on the property classificaion key defined in the table. When i am creating assets, it was updating the useful life based on property classification key (VMGLI) given in As01 after executing the code written with reference to ztable values.
But when I am changing the property classfication key in As02, it was not changing the values, based on the changed Property classification key. The user exit is perfectly triggered and changed values inside. But not updating after saving in AS02.
can we change property classification key in AS02 and if it is possible, why is it not changing the value of useful life written in the user exit code.
Is there any configuration required for this requirement/
Please update if any one worked on this requirement.
Regards
Rajani Yeuri

Hello Rajani Yeuri
It's system standard behavior, please refer note 44882 for details.
Hence, please consider to use worklist or BAPI to change property classification key and useful life together.
Hope it's helpfu.
Best regards
George

Carryover of Expected Useful Life for an Asset

When I create an asset in our system, in the first year carryover the system is not creating a count of 1 year and 2 months. Instead I receive 14 months in asset useful life. This example is based off an asset created on 11/1/10 with a carry forward to 2011. Anybody know why this is happening?

Thanks for your reply. My question is not to get a list of assets which are fully depreciating this year. I want to know the end of useful life for certain assets that I will select. What you told, would show the assets expiring this year.
Let me know if I am missing something.
Keyur

End of Useful life for an asset

Hello,
Does anyone know if there is any standard report which states when the asset's useful life is going to end? Even if there is no standard report, does anyone know if this information is stored in any tables from which it can be extracted. Basically, my user has a requirement to know when a certain chunk of his assets are going to fully depreciate. I know this information is available in the asset explorer (comparision tab) but there are some 500 assets and it would be helpful if there is some sort of list available.
Thanks for your help
Best Regards
Keyur

Thanks for your reply. My question is not to get a list of assets which are fully depreciating this year. I want to know the end of useful life for certain assets that I will select. What you told, would show the assets expiring this year.
Let me know if I am missing something.
Keyur

Asset Report - for useful life of an asset

Dear Friends,
Is there any standard report which gives the following information --
1. Asset Number,
2. Asset Name
3. Account Determination,
4. Profit Center
5. Useful Life,
6. Depreciation in the current Year
7. Accumulated Depreciation
8. Acquisition Date
I tried in Asset Balances Reports. Most of the fields are coming except Useful Life.
Can any one please suggest.
Regards
KVKR

Hi
There is no report with usefullife , either you can go with query or you can extract Asset standard report where you will find most of the details you mentioned and for usefullife please use table ANLB and extract data from this table for useful life. You may copy your asset nos extracted by the above standard Asset report and paste that in the asset field of table ANLB.
Now you can insert the useful life in your main report.
cheers
Mukta

Associating a certain "useful life" for each "Asset Class" ?

Hi All
Could anyone tell me how to associate a certain "useful life" for each "Asset Class" ?
Which's customizing navigation?
Thanks
Gandalf

Hi Try this..
If you go to IMG (Transaction SPRO) :-
-> Financial Accounting
-> Asset Accounting
-> Master Data
-> Screen Layout
-> Define Screen Layout for Asset Depreciation Areas
-> ScrnLayout XXXX
-> Field group rules
Here, you will find whether column 'Class' is activated -> it should be activated
Hope it helps
Zub

Changing useful life of an asset

Hi All,
Client wants to change the asset's useful life from 4 years to 3 years. Also previous depreciations should not get affected due to this. The new recalculated value of the asset should be spread over the remaining useful life and depreciation amount should also be recalculated accordingly. Do we have such functionality in SAP version ECC4.6?? or we need to post the depreciation manually going forward?? I have tried smoothing method but this is also not helping me out.
Please advice if we can do something in it.
Many Thanks,
Parul

Hello Parul
Sorry but this functionality is only available as of release 6.0 if you have the
new depreciation engine activated. Note 965032 will provide you more details. In
particular section 4. c) Managing time-dependent depreciation parameters:
With the new depreciation calculation, you now have the option to
change depreciation terms during the fiscal year. This means that
the changed parameters are included in the calculation always
from the period for which the period is also valid.
The following depreciation terms can be maintained   time-dependently on the   fixed asset:
- Depreciation Keys
- Useful life
- scrap value/scrap value percentage rate
- variable depreciation portion
Regards
Javier

Depriciation key and useful life periods in asset master should in display mode only

Hi all
At the time of creation asset master AS01 we are given the Asset class, company code and similar of asset (1) then we click enter button we will get Create asset: master data screen here in general tab we enter the description and in time dependent tab we enter cost center manually
But
When we click on Depreciation tab here the Depreciation key and use life fields are automatically come with Dep.key(ABC) and use life(15) (Because we maintained in OAYZ)
Here user have a chance to change the Dep.key(ABC) and use life(15).so my requirement is these two fields are display with only display mode .
User don’t have chance to modify this.

Hi Anil,
The screen layout for Asset and its depreciation tab are different. You have to make these fields as Display only in the screen layout. This can be done using T-Code AO21. Below are the screenshots for the path and screen layout for your reference. This should solve your issue
Regards
Pankaj Pareek

Correcting useful life of an asset in previous year

Hi, We have implemented SAP last year in April at one of our sites. At the time of initial upload of assets, we made a mistake and some of the assets were uploaded with incorrect useful life. Till date every month we were running depreciation based on incorrect useful life. F.Year was closed in Dec 2005. Now auditors have detected this mistake. How do we fix this? Any suggestions...

hi sourabh
u can reset the closed fiscal year through "Asset acountingperiod end closingreverse" using this function u can reopen the fiscal yera either for selected depriciation areas or for all dep.Be careful you should reopen a fiscal year only for certain depreciation areaas, and do adjustment postings in those only. u cannot use standard transaction types post to all depriciation areas. u have to define ur own transaction types.
Change the field in asset master in last closed fiscal year. And start the depriciation program run in repeat run mode

Depreciation continues after the use life ending

Hi Experts,
My customer have begun July, 2007 acquisition with the depreciation from the
same month, and this asset use life is 3-years.
It should end use life in June of 2010 but at the monthly depreciation,
the depreciation continues until August.
I have suggested the customer to change the base method to 0016,
from JPS7 in phase 2, but it contradicts with the note 1057539.
Could you please give me some suggestion?

Hi Bernhard Kirchner ,
according to the note 1057539，
the Dep. after plnd.life end is choosed by "Yes",
and the Dep. method is choosed by u201Ccountry specificu201D
when I　ｃｈａｎｇｅ　ｔｈｅ　＂Dep. after plnd.life end ＂ｔｏ　＂ＮＯ＂
ｔｈｅ　ｄｅｐｒｅｃｉａｔｉｏｎ　ｃａｎ　ｂｅ　endｅｄ　 use life in June of 2010 ，
ｂｕｔ　ｔｈｅ　ｐｒｏｂｌｅｍ　ｉｓ　ｔｈａｔ　ｔｈｅ　ＮＢＶ　ｉｓ　ｎｏｔ　ｓｔｏｐｐｅｄ　ｂｙ　ｍｅｍｏ　ｖａｌｕｅ，
ｂｕｔ　ｓｔｏｐｐｅｄ　ｂｙ　ｔｈｅ　ａｍｏｕｎｔ　ｏｆ　Ｊｕｌｙ＋August．
ｆｏｒ　ｅｘａｍｐｌｅ：
Dep. after plnd.life end 　＝　ＹＥＳ　（ｍｅｍｏ　ｖａｌｕｅ＝１）
Ｐｅｒ　Ｏｒｄ．ｄｅｐ．
１　　　６００
２　　　６００
３　　　６００
４　　　６００
５　　　６００
６　　　６００
７　　　６００
８　　　６００
Dep. after plnd.life end 　＝　ＮＯ　（ｍｅｍｏ　ｖａｌｕｅ＝１）
Ｐｅｒ　Ｏｒｄ．ｄｅｐ．
１　　　６００
２　　　６００
３　　　６００
４　　　６００
５　　　６００
６　　　６００
７　　　０
８　　　０
ｗｅ　ｗａｎｔ　ｔｏ　ａｎｓｗｅｒ　ａｓ　ｂｅｌｏｗ：
Dep. after plnd.life end 　＝　ＮＯ　（ｍｅｍｏ　ｖａｌｕｅ＝１）
Ｐｅｒ　Ｏｒｄ．ｄｅｐ．
１　　　８００
２　　　８００
３　　　８００
４　　　８００
５　　　８００
６　　　８００
７　　　０
８　　　０
ｃｏｕｌｄ　ｐｌｅａｓｅ　ｈｅｌｐ　ｍｅ　ｆｕｒｔｈｅｒ？

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Change the useful life of an asset

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